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Tennessee Hard Money Loans

We have the Tennessee hard money loan you need, whether you’ve already found a great property or are just getting started. Our Loan Programs are designed specifically for Real Estate Investors. Our loan programs have the flexibility to meet your specific needs. With an emphasis on closing quickly we can provide the funding you need to purchase, rehab and flip your property. With our stream-lined process DoHardMoney can close loans in as quickly as 15 business days. DoHardMoney can typically lend up to 70% of the After Repair Value.

Property Under Contract?
Fix and Flip – Refinance – Buy and Hold – New Construction
  • No Experience Required

  • No Minimum Credit Score

  • Interest rates starting at 7.99%

  • Loans from $50k – $5M

  • No prepayment penalty

  • Up to 100% advance on rehab costs

  • Up to 100% advance on purchase price

  • Lend up to 70% of ARV

  • 5 – 12 month loan terms

  • Extensions available

I sent out the same data for my deal to three other groups and your response is the only one I got back. Thanks, DoHardMoney.com!

Redgie C, East Ridge, TN

Tennessee Hard Money Loan Terms

Due to excellent market conditions, we are able to offer state-specific loan terms for the state of Tennessee.

Multiple Deals
YES

Yes. We allow you to do 3 deals at a time, enabling you to stay busy and rake in even more profit at a faster pace.

Experience
NONE

Many other lenders either won’t lend to you or will jack up their prices unless you have prior experience, but we’re all making profitable real estate investing accessible to anyone.

Credit Score
NONE (No Judgements/Get Credit Partner)

None. A bad credit score will affect your points and interest, but because we lend on the property’s after repair value it won’t keep you from getting a loan

Interest Rate
7.99-15%+ (Annual)

Our interest rates of 7.99-15%+ annually fall pretty middle of the road. We are not the cheapest, nor the most expensive, but our 100% financing options allow you to leverage our money.

Purchase Price
75-100%

We will cover 75-100% of the purchase price.

Advance on Rehab Costs
50-100%

We will provide 50-100% advances on rehab costs.

After Repair Value
60-70%

We lend up to 70% of the ARV. We will fund everything but earnest money as long as it fits within 70% of the ARV.

Property Type
Single Family Residences, Duplex, Multi Family

We will lend on a variety of different properties including single family residences, duplexes and multi-family.

Pre-Payment Penalty
NONE

With no pre-payment penalty, fixing and flipping the property in a shorter amount of time can only deepen your pockets.

Extension
AVAILABLE

Loan extensions are available for those that need it.

Loan Size
$50K-$5M

Our loan amount ranges from $50,000 to $5,000,000. For the markets we currently lend in, we’ve found that this covers all areas of profitable real estate investing.

Loan Term
5-12 Months

The default loan term is set at 5-12 months, but we do allow for extensions if you need more time.

Refinancing
AVAILABLE

Yes. With traditional lenders limited to strict loan parameters, we focus on equity over borrower financials. This gives you the liquidity needed for your individual situation.

Fix and Flip
AVAILABLE

Fix and flip options are available.

Rental
AVAILABLE

Rental options are available.

Construction
AVAILABLE

Construction is available.

Tennessee Real Estate Market Statistics (2015)

The home of modern music and resting place of the King of Rock and Roll, Tennessee is a gorgeous state with plenty of tourist attractions. It is known as the “Volunteer State,” due to the prominent number of soldiers from Tennessee who volunteered to fight for justice during the War of 1812. A solid state for investment, Tennessee’s home values have increased 5.1% in the past year. The time to invest in Tennessee fix-and-flip properties is right now, as Nashville is currently being heralded as Zillow’s hottest housing market for 2017. Homes will sell quickly and for a fantastic profit. According to Prnewswire.com, “Nashville is a desirable place to live with good employment opportunities and steady economic growth. The growth and demand for housing will drive up home prices in 2017 and these hot markets are experiencing change as more people discover them.”

0
Population
0
Housing Units
0
Number of Flips
0%
% Change in Flips

Purchase Price

National Average: $294,600
Tennessee Metro Areas: $179,900

Gross Margin

National Average: $55,000
Tennessee Metro Areas: $56,850

Number of Houses Flipped

National Average: $179,778
Tennessee Metro Areas: 5,210

% Change in Houses Flipped

National Average: 0.2%
Tennessee Metro Areas: -1%

Tennessee Hard Money Loans for Real Estate Investors

We look forward to funding your next flip, rental or refinance!

Are You Ready to Get Financing on Your Next Deal?